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cliff unless republicans bend on taxes. a comment by former democratic potential candidate howard deen frightened republicans that the debate is not just about raising taxes on the rich. >> the truth is everybody needs to take more taxes, not just the rich. that's a good start, but we're not going to get out of the deficit problem unless we raise taxes across the board. to go back to what bill clinton had. >> now, some liberals pushed the president to invoke the 14th amendment claiming that gives him the executive power to raise the debt limit himself, but jay said today the white house studied that proposition and decided the president does not have that executive power meaning we headed for another show down with congress over raising the debt ceiling. lou: the fiscal cliff and now a new ultimatum on the national debt ceiling. you suppose this is the last condition? >> it's going to be a wild couple of months, maybe everybody thought with the election over, there was going to be peace and figure all of this out, but i thi
cliff unless republicans bend on taxes. a comment by former democratic potential candidate howard deen frightened republicans that the debate is not just about raising taxes on the rich. >> the truth is everybody needs to take more taxes, not just the rich. that's a good start, but we're not going to get out of the deficit problem unless we raise taxes across the board. to go back to what bill clinton had. >> now, some liberals pushed the president to invoke the 14th amendment...
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." >>> could going over the fiscal cliff be just what washington has wanted all along? >>> millions of americans are getting battered by a third severe storm with drenching rains, chevy snow and strong winds. details ahead. >>> and the stars were out last night for the kennedy center's honors. members of led zeppelin, david letterman, dustin hoffman and many others. we'll have that and much more coming up this monday morning on "first look." and a very good morning to you. i'm veronica de la cruz. one solution being heard more and more about solving the nation's financial showdown could be actually allowing the deadline to pass and letting america go over the fiscal cliff. that would allow tax rates to rise on everybody. then congress could come back after the new year and cut taxes on everyone but the wealthy. nbc's mike viqueira has the story. >> reporter: administration optimism for a deal. but only if republicans give in on raising rates for the wealthy. >> you think we'll get a deal by the end of the year? >> i do. the only thing that stands in the way of a deal ri
." >>> could going over the fiscal cliff be just what washington has wanted all along? >>> millions of americans are getting battered by a third severe storm with drenching rains, chevy snow and strong winds. details ahead. >>> and the stars were out last night for the kennedy center's honors. members of led zeppelin, david letterman, dustin hoffman and many others. we'll have that and much more coming up this monday morning on "first look." and a very...
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. >> reporter: in the fiscal cliff negotiations, republicans still argue that higher taxes will hurt small business jobs. but, scott, democrats up here argue that this debate is over. that raising taxes on the wealthiest americans of all kinds was decisively approved by the voters in the election. >> pelley: wyatt, thank you. yarmer president george h.w. bush is in a houston hospital tonight being treated for bronchitis. the hospital told us it's not life threatening. mr. bush is 88 and was last seen at the white house in may for the unveiling of his son's onrtrait. millions were disappointed, but dere were some winners in that big powerball drawing. that story is next. copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be us
. >> reporter: in the fiscal cliff negotiations, republicans still argue that higher taxes will hurt small business jobs. but, scott, democrats up here argue that this debate is over. that raising taxes on the wealthiest americans of all kinds was decisively approved by the voters in the election. >> pelley: wyatt, thank you. yarmer president george h.w. bush is in a houston hospital tonight being treated for bronchitis. the hospital told us it's not life threatening. mr. bush is 88...
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. >> how do republicans change that message, because we're in the middle of fiscal cliff negotiations, and all you hear are about preserving tax cuts for the wealthiest americans. that just feeds into this lack of connecting to the middle class that's been a problem. >> here's your answer and it's difficult and nuanced. traditionally republicans economic message that resonated with the middle class is our taxes will be lower on you. democrats have co-opted on that. they promise taxes on the middle class but do it simultaneously with giving high spending that. cannot last forever so republicans have to make people realize that is a utopia that doesn't exist. you can't have low taxes and high spending that democrats are currently promising. >> we've had $520 billion spent on jobless benefits over the past five years, and i bet they are probably pretty evenly divided between republicans and democrats and the big message on government spending has been distorted because we've had a crazy recession. i want to bring in anna because the president built that winning location of african-americ
. >> how do republicans change that message, because we're in the middle of fiscal cliff negotiations, and all you hear are about preserving tax cuts for the wealthiest americans. that just feeds into this lack of connecting to the middle class that's been a problem. >> here's your answer and it's difficult and nuanced. traditionally republicans economic message that resonated with the middle class is our taxes will be lower on you. democrats have co-opted on that. they promise...
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american helicopters firing down, no americans were killed. >>> a fierce battle to avoid the fiscal cliff took a new turn today. treasury secretary tim geithner making a bold prediction that the republicans will go along with a tax hike for the healthy. but it certainly didn't sound that way on the other side. what is at stake for the average american family? with 30 days to go until the deadline? david kerley at the white house tonight. >> reporter: president obama and his white house team appear confident with the stronger hand in talks with house republicans, demanding and believing tax rates for the wealthy are going up. >> there is no responsible way we can govern the country with those low rates in place for future generations. those rates are going to have to go up. >> i was flabbergasted. i look at him and i said, you can't be serious. >> reporter: the two sides are seriously far apart. the president wants $1.6 billion in new tax revenue over ten years. the speaker wants half that. the president wants spending cuts, $600 billion. to medicare and other programs. not enough, says th
american helicopters firing down, no americans were killed. >>> a fierce battle to avoid the fiscal cliff took a new turn today. treasury secretary tim geithner making a bold prediction that the republicans will go along with a tax hike for the healthy. but it certainly didn't sound that way on the other side. what is at stake for the average american family? with 30 days to go until the deadline? david kerley at the white house tonight. >> reporter: president obama and his white...
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what we have to do in the short term is avoid the fiscal cliff. the major decisions with regard to tax reform, social insurance programs, et cetera, can't and shouldn't be made until next year, after the american people are engaged and the committees do their work. >> david gergen, how do you get the political solution that opens the door to the policy conversations? >> well, i was encouraged that the republicans actually came forward with something today. a lot of people thought they would not. the president as you know, his team rejected it late this afternoon, but nonetheless, if people truly want to find a bridge to avoid the fiscal cliff, a way to get to the big issues as david walker says would have to come next year, i think they're the makings of it here. each side will have to compromise some more. each side will have to eat a little crow but i think it's imperative that the president take the view that what he's looking for is a win-win. if they take a win-win approach, i think they can get a deal. >> comment on that point. if two wrongs
what we have to do in the short term is avoid the fiscal cliff. the major decisions with regard to tax reform, social insurance programs, et cetera, can't and shouldn't be made until next year, after the american people are engaged and the committees do their work. >> david gergen, how do you get the political solution that opens the door to the policy conversations? >> well, i was encouraged that the republicans actually came forward with something today. a lot of people thought...
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a new poll shows republicans will take the blame if a deal isn't reached and we go over the fiscal cliff. 53% say it's on republicans. half that, 27%, will blame the president. this is progress. this is change. if president obama can break republicans on tax increases, this could redefine american politics. it would help to change our politics in very important ways. and who knows what else may be possible. joining me now is krystal ball and richard wolffe. thank you for being here tonight. >> thanks, reverend. >> thanks, reverend. krystal, how big a moment will it be if the president gets the republicans to cave on tax increases? >> i mean, it really is sort of hard to understate how significant that would be. it would es seshlgsentially mar end of when george w.h. bush led taxes. we had the contract for america. that in some ways was the precursor of the tea party and this very extreme rhetoric, us versus them rhetoric, where rather than talking about nuance differences between positions you call the president's health care bill socialism and yell about death panels and caricature thin
a new poll shows republicans will take the blame if a deal isn't reached and we go over the fiscal cliff. 53% say it's on republicans. half that, 27%, will blame the president. this is progress. this is change. if president obama can break republicans on tax increases, this could redefine american politics. it would help to change our politics in very important ways. and who knows what else may be possible. joining me now is krystal ball and richard wolffe. thank you for being here tonight....
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thank you, tahman. >>> and as talks over the fiscal cliff drag on, a new poll finds that most americans do not think very highly of congress. one in ten americans rate the honesty and ethical standards of its members as very high or high. this puts the law making body, second-lowest on the list of 22 professions. higher only than car sales people. >> how telling is that? >> that's an indictment. >>> and another nasty storm is drenching the west coast, from northern california, into portland and seattle. this is the fourth big rainmaker to hit that area in a week. and this time, it could dump up to five inches of rain and cause even more flooding and destruction. abc's brandi hitt has the latest. >> reporter: after several days of drenching rain, downed trees, flooding and rockslides, families throughout the west are finally getting a break in the severe weather to clean up. three storms have slammed through the region in less than a week, dumping up to a foot of rain in some areas. washing out entire roads. and even creating this 20-foot sinkhole in lafayette, california. the other big
thank you, tahman. >>> and as talks over the fiscal cliff drag on, a new poll finds that most americans do not think very highly of congress. one in ten americans rate the honesty and ethical standards of its members as very high or high. this puts the law making body, second-lowest on the list of 22 professions. higher only than car sales people. >> how telling is that? >> that's an indictment. >>> and another nasty storm is drenching the west coast, from northern...
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when the reality is that millions of americans have already gone over the fiscal cliff. and so this is a conversation that in some regards is a waste of time in washington, we ought to be talking about creating jobs and not about deficit reduction. it troubles me when the president himself even seems to go for that line about deficit reducti reduction. it ought to be about job kraeks. >> is he being bold enough? because the one thing everybody hoped, president obama, second term, would come out fighting and swings and be the obama they came out voting for four years ago. and this moment, it doesn't strike me as being too audacious. >> one thing i hoped he wouldn't create in the second term, too much compromise, capitulating to the republicans, everybody saw what he was up against in the first term. and i just don't want to see him again let the republicans clean his clock. over the past couple of days, irskin bowles said earlier today, i saw on the internet that when he met with the president, the president signalled he may be willing to talk about the raising of taxes.
when the reality is that millions of americans have already gone over the fiscal cliff. and so this is a conversation that in some regards is a waste of time in washington, we ought to be talking about creating jobs and not about deficit reduction. it troubles me when the president himself even seems to go for that line about deficit reducti reduction. it ought to be about job kraeks. >> is he being bold enough? because the one thing everybody hoped, president obama, second term, would...
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also more americans are finally waking up to the fiscal cliff. december consumer sentiment nosedived to a five-year high, because of fiscal cliff fears. a spike in taxes would leave a lot less money lying around for the iphone or ipad. shares of apple fell 2%. >>> thanks to a study by the department of energy the u.s. may be closer to approve natural gas exports. data shows it could improve the economy by $47 billion in 2020. we need that. sounds like a win-win. we have the ceo of bright link oil and gas. chris, thanks for joining us. >> thank you. melissa: what do you make of this report? first of all, do you buy it? do you think it's possible? >> i do think it's possible and i'm glad to see it come out. what it really does now it shows over the 12 different scenarios that the government study investigated each one of those scenarios came back and said america will benefit and have a positive economic gain if we export lng offshore to europe, and or asia and to other countries that need our gas. melissa: we have so much natural gas unlocked as a
also more americans are finally waking up to the fiscal cliff. december consumer sentiment nosedived to a five-year high, because of fiscal cliff fears. a spike in taxes would leave a lot less money lying around for the iphone or ipad. shares of apple fell 2%. >>> thanks to a study by the department of energy the u.s. may be closer to approve natural gas exports. data shows it could improve the economy by $47 billion in 2020. we need that. sounds like a win-win. we have the ceo of...
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cuts and going over the fiscal cliff will impact millions of americans. >> there would be a lot of federal employees who would be furloughed or riffed and would lose their jobs. >> reporter: economists say the combination of automatic spending cuts and tax increases that will kick in january 1st if congress and the president don't reach an agreement could plunge the country back into recession. danielle nottingham, cbs news, washington. >> the house is scheduled to formally adjourn by the end of the year on december 14th but house majority leader says they will stay in session until a cred credible solution is worked out. >>> it could be a big day in the battle o of same sex mainly. the -- marriage. the justices are being asked to overturn a lower court ruling that the prop 8 ban on gay marriage is unconstitutional. they may decide to hear the case or they could let the ruling by the lower court stand which could pave the way for gay marriages to resume in california. >>> a man is in serious condition after falling 30 feet at the oakland coliseum. it happened last night during the raider b
cuts and going over the fiscal cliff will impact millions of americans. >> there would be a lot of federal employees who would be furloughed or riffed and would lose their jobs. >> reporter: economists say the combination of automatic spending cuts and tax increases that will kick in january 1st if congress and the president don't reach an agreement could plunge the country back into recession. danielle nottingham, cbs news, washington. >> the house is scheduled to formally...
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plus the ceo of ethan allen weighs in on the decision to offer a special dividend as fiscal cliff worries grow. amerie in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ thor gets great rewards for his small business! your boa! [ garth ] thor's small business earns double miles on every purchase, every day! ahh, the new fabrics. put it on my spark card. ow. [ garth ] why settle for less? the spiked heels are working. wait! [ garth ] great businesses deserve great rewards. [ male announcer ] the spark business card from capital one. choose unlimited rewards with double miles or 2% cash back on every purchase, every day! what's in your wallet? [ cheers and applause ] from investing for the first time... to investing with knowledge. the potential of
plus the ceo of ethan allen weighs in on the decision to offer a special dividend as fiscal cliff worries grow. amerie in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together...
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>> compared to what obama's talking about, the fiscal cliff might be better because obama not only wants soak the rich tax increases that would automatically happen, he then wants additional taxes on top of that would be very bad for american competitiveness. we don't want to send jobs to china and india but almost as if obama wants to do that. at least if we went over the cliff, we would get the sequester, which is the budget wonk term for automatic reductions in the growth of spending. melissa: absolutely but i'm not sure republicans are giving in as much as you think. if you drill down on the details, as soon as i saw 800 billion in new tax revenue, my immediate question did they give on the point of marginal rates and from the language it doesn't look like. more a tax code basically closes loopholes. they employ all the euphemisms to say you will get rid of deductions. sounds like that is where the 800 billion in new revenue is coming from. they didn't give on marginal rates at all. >> that is good news but only good news in the sense we're not traveling as fast in the wrong directio
>> compared to what obama's talking about, the fiscal cliff might be better because obama not only wants soak the rich tax increases that would automatically happen, he then wants additional taxes on top of that would be very bad for american competitiveness. we don't want to send jobs to china and india but almost as if obama wants to do that. at least if we went over the cliff, we would get the sequester, which is the budget wonk term for automatic reductions in the growth of spending....
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jobs over to china. >>> finally, a toddler takes in cnbc's fiscal cliff talk. >> i think companies might be okay with that -- [ laughing ] >> that's like young kids who say they like me saying "let's play hardball." anyway, that's going viral, obviously. >>> up next, 44% of a certain group of americans tell pollsters seceding from the union might be a good idea. who are these people? half think aa.c.o.r.n., which no longer exists, stole the election. what is this fringe called? it's called the gop. wait until you see these stats. it's like jay walking with jay leno. i don't know who these people are. anyway, "hardball," the place for politics, coming up. okay, now here's our holiday gift list. aww, not the mall. well, i'll do the shopping... if you do the shipping. shipping's a hassle. i'll go to the mall. hey. hi. y'know, holiday shipping's easy with priority mail flat rate boxes from the postal service. if it fits, it ships anywhere in the country for a low flat rate. yeah, i know. oh, you're good. [ laughing ] good luck! [ male announcer ] priority mail flat rate boxes. online pricing
jobs over to china. >>> finally, a toddler takes in cnbc's fiscal cliff talk. >> i think companies might be okay with that -- [ laughing ] >> that's like young kids who say they like me saying "let's play hardball." anyway, that's going viral, obviously. >>> up next, 44% of a certain group of americans tell pollsters seceding from the union might be a good idea. who are these people? half think aa.c.o.r.n., which no longer exists, stole the election. what...
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he'll tell americans the fiscal cliff will cause holiday shopping to plummet. >> let's give a christmas present to the american people. >> reporter: but the mood here on capitol hill is anything but festive. both sides say the tax hikes and spending cuts due to kick in at year end are unacceptable, they just don't believe each other. >> members of his own party seem quite comfortable of sending the economy over the fiscal cliff. >> reporter: the president sent timothy geithner to the hill with had $4 trillion plan. it includes 1.6 trillion in new taxes on upper income americans. 400 billion in cuts to medicare and other entitlement programs. and $50 billion in new spending on infrastructure and unemployment benefits. the biggest stumbling block remain. the new taxes on the wealthiest americans. while some republicans here in congress are hinting they might be open to the idea the majority seemed opposed. >> raising rates on the so-called rich is the holy grail of liberalism. their aim isn't job creation, they are interested in wealth distribution. >> reporter: the white house insists th
he'll tell americans the fiscal cliff will cause holiday shopping to plummet. >> let's give a christmas present to the american people. >> reporter: but the mood here on capitol hill is anything but festive. both sides say the tax hikes and spending cuts due to kick in at year end are unacceptable, they just don't believe each other. >> members of his own party seem quite comfortable of sending the economy over the fiscal cliff. >> reporter: the president sent timothy...
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deficit reduction. >> after the president's remarks, i spoke with his main man on the fiscal cliff, treasury secretary tim geithner. >> let me ask you, the reaction to your going up on the hill and saying this is basically the white house position has been -- mitch mcconnell saying i think it was just demeaning for them to ask the treasury secretary to come up here and give a proposal like this and by this we have people saying it's a sham, it's -- you know, ridiculous, it's a nonstarter. when you went up there, you didn't think republicans were going to go "good idea." >> you know, what we're trying to do is get these guys to come together and reach an agreement that's going to be good for the country and good for the economy. >> by these guys you mean you all and the republicans. >> and democrats together. >> and the white house. >> that's what we're trying to do. what we did was put forward a very comprehensive, very carefully designed mix of savings and tax reforms to help us put us back on the path to stabilizing our debt and fixing our debt and living within our means. we've been very
deficit reduction. >> after the president's remarks, i spoke with his main man on the fiscal cliff, treasury secretary tim geithner. >> let me ask you, the reaction to your going up on the hill and saying this is basically the white house position has been -- mitch mcconnell saying i think it was just demeaning for them to ask the treasury secretary to come up here and give a proposal like this and by this we have people saying it's a sham, it's -- you know, ridiculous, it's a...
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cliff, that difference between tax rates for the wealthiest americans. and what house democrats announced they're going to try to do is an end run around the house gop to try to file a petition in order to try to push a vote on the house floor to just raise taxes -- excuse me, to just extend the bush-era tax rates for middle class americans. but to do that, as you know, they need 218 votes and there's still a very sizable republican majority in the house. it will be difficult for democrats to do that. >> absolutely. and that proposal to take away what has been historically a congressional prerogative was a little bit surprising even to people who have been reading about this stuff for years. is it true though, dana, as it has been in past years that both sides at least have to show their bases that they're fighting the good fight and that's part of what's going on here? >> reporter: absolutely. there's no question about it. what i mention in the piece really is a real phenomenon here when it comes to the feeling among congressional democrats that they ar
cliff, that difference between tax rates for the wealthiest americans. and what house democrats announced they're going to try to do is an end run around the house gop to try to file a petition in order to try to push a vote on the house floor to just raise taxes -- excuse me, to just extend the bush-era tax rates for middle class americans. but to do that, as you know, they need 218 votes and there's still a very sizable republican majority in the house. it will be difficult for democrats to...
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listen, going off the fiscal cliff will hurt our economy and will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes. to replace the sequester, and pave way for -- pave the way for tax reform and entitlement reform. and we're the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reforms, it's going to be impossible to address our country's debt crisis. and get our economy going again and to create jobs. so right now, all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. it's time for the president, congressional democrats, to tell the american people what spending cuts they're really willing to make. with that i'll take a few questions. >> speaker boehner, why will you not tell democrats what specific spending cuts you would like to see, especially within en titlements? >> it's been very clear over the last year-and-a-half, i've talked t
listen, going off the fiscal cliff will hurt our economy and will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes. to replace the sequester, and pave way for -- pave the way for tax reform and entitlement reform. and we're the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reforms, it's going to...
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so that is going to be a problem for american families. like you said, there are places that business can succeed. is it government-infused money to get there, or is it going to be actual, real, american dollars in there? >> susan, that's really the opportunity. first of all, i don't think inflation is a concern for years. in order for inflation to be a concern it it has to get into the wage cycle. we're far from that. the needs are clear. ports, roads, transport rail and plus protection against extreme weather. on the other side demand. the demand for infrastructure investments isle coming from the private sector. this is very new and it's driven by the fact as rates come down the opportunities for investors, pension funds and sovereign wealth funds to find opportunities to give them the yield they want, 5 to 6% are disappearing. infrastructure offers that opportunity. it's a long-term opportunity. it matches their liabilities, what they need to protect to pay off their retirees very nicely. so i think there's actually a sweet spot betwee
so that is going to be a problem for american families. like you said, there are places that business can succeed. is it government-infused money to get there, or is it going to be actual, real, american dollars in there? >> susan, that's really the opportunity. first of all, i don't think inflation is a concern for years. in order for inflation to be a concern it it has to get into the wage cycle. we're far from that. the needs are clear. ports, roads, transport rail and plus protection...
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with no agreement, going over the fiscal cliff would be painful. the automatic tax increases break down like this: households making $20,000 to $4,000 would see an increase in $1,200 a year. incomes of $40,000 to $64,000 would see taxes rise $2,000 and in the $64,000 to $108,000 bracket taxes go up $3,500 a year. mr. obama and the republican speaker of the house talked this over today and here's major garrett at the white house. major? >> reporter: scott, there there is a code of silence the white house and speaker boehner's try to apply to these phone conversations, releasing as few details as possible to protect the underlying negotiations. nevertheless, cbs news has learned the following: the speaker and the president spoke before treasury secretary tkpwaoeugter in'sers.e.c.geithner's comments about going over the cliff, the conversation was described as brief, meaning shorter than the 28-minute conversation speaker boehner and the president had last week. also those familiar with the conversation tell me -- or do not used a skwrebgive thes like
with no agreement, going over the fiscal cliff would be painful. the automatic tax increases break down like this: households making $20,000 to $4,000 would see an increase in $1,200 a year. incomes of $40,000 to $64,000 would see taxes rise $2,000 and in the $64,000 to $108,000 bracket taxes go up $3,500 a year. mr. obama and the republican speaker of the house talked this over today and here's major garrett at the white house. major? >> reporter: scott, there there is a code of silence...
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cliff, and he's clearly not interested at all in cutting any spending. >> reporter: while democrats and republicans debate the size and specifics on tax increases, the two sides also remain apart on spending cuts, reforming entitlement programs like medicare and on the president's request to have greater power to raise the country's debt limit. but the news coming out of this one, "wall street journal" headlines saying that staff members from the president's team and from speaker boehner's team are genre assuming talks. we confirmed as of a couple of hours hag that that wasn't the case, so we're going to check on that right now. david: what they're talking about, we don't know. liz: maybe not dead in the water. david: thank you, rich, appreciate it. liz: we've got good news for all of you last minute shoppers out there coming up in the speed read. david: and up next, first on fox business, tom kloet, ceo of tmx group, a parent of the toronto stock exchange, on the impact of all these regulations coming out of our country. how will they affect businesses in his country? that's coming
cliff, and he's clearly not interested at all in cutting any spending. >> reporter: while democrats and republicans debate the size and specifics on tax increases, the two sides also remain apart on spending cuts, reforming entitlement programs like medicare and on the president's request to have greater power to raise the country's debt limit. but the news coming out of this one, "wall street journal" headlines saying that staff members from the president's team and from...
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if we have to be here christmas week in order to protect the american public from the fiscal cliff, i'm happy to be here and so are my colleagues. >> i hope everybody speaks greek because that would be the appropriate language to use the week after christmas. thank you. get it done before christmas. thank you u.s. congressman litery, thank you so much for coming. thank you congressman connolly. up next, president obama had mitt romney over for lunch at the white house. do you believe it? i'd love to know what happened in that room. it's the latest edition in the often frosty relationship between the presidential rival. it was pretty worm for about an hour on election night. this is "hardball," the place for politics. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we'r
if we have to be here christmas week in order to protect the american public from the fiscal cliff, i'm happy to be here and so are my colleagues. >> i hope everybody speaks greek because that would be the appropriate language to use the week after christmas. thank you. get it done before christmas. thank you u.s. congressman litery, thank you so much for coming. thank you congressman connolly. up next, president obama had mitt romney over for lunch at the white house. do you believe it?...
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Dec 6, 2012
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. >> pelley: we asked chip reid to visit with a family staring over the fiscal cliff. >> reporter: sean and jody watson have four daughters ages five to 14 and know all too well the sacrifices and sleepless nights endured by middle-class families in a struggling economy. >> we don't go out to eat much. we don't spend-- we don't go to the movies much. >> we do a lot of thrift store shopping for my kids for clothes. >> reporter: shawn was unemployed for a year in washington state then two years ago he got a job as an accountant with the federal government so the family of six-- their savings depleted-- moved across the country to woodbridge, virginia. his salary of a little more than $70,000 is less than what he used to make. >> before we lost our job they were in-- two were in piano and we haven't been able to do things like that. >> reporter: what's the hardest part of this? >> for me it's my kids, knowing that i want more for them. my oldest, who's the one that's most aware of what we've been going through the last couple years she asked me recently, this summer, she's like "mommy, whe
. >> pelley: we asked chip reid to visit with a family staring over the fiscal cliff. >> reporter: sean and jody watson have four daughters ages five to 14 and know all too well the sacrifices and sleepless nights endured by middle-class families in a struggling economy. >> we don't go out to eat much. we don't spend-- we don't go to the movies much. >> we do a lot of thrift store shopping for my kids for clothes. >> reporter: shawn was unemployed for a year in...
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Nov 29, 2012
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we are now approaching this fiscal cliff. it is time to govern. this election was a mandate for solutions. it was a mandate for consensus and compromise. house democrats have already said we would compromise. we want to get to higher ground with the republicans. i hope that speaker boehner will also see the handwriting on the wall and enforcing discipline in his own caucus and try and meet us in a compromise that reduces spending smartly, that pays down our deficit, that protects the middle class and that grows this economy again. we can do this if he is willing to compromise. today, he said, once again, he is not willing to compromise. >> here we go, round 14 or whatever it is. congressman steve israel, great to have you with us tonight. thanks so much. >>> the republican smear campaign against ambassador, susan rice, continues as more senators pile on. karen finney weighs in on what's the next best move then? the time is now to find out why the new push for immigration reform is making republicans very uncomfortable. stay with us. >>> susan rice
we are now approaching this fiscal cliff. it is time to govern. this election was a mandate for solutions. it was a mandate for consensus and compromise. house democrats have already said we would compromise. we want to get to higher ground with the republicans. i hope that speaker boehner will also see the handwriting on the wall and enforcing discipline in his own caucus and try and meet us in a compromise that reduces spending smartly, that pays down our deficit, that protects the middle...
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Nov 30, 2012
11/12
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if we have to be here christmas week in order to protect the american public from the fiscal cliff, i'm happy to be here, and so are my colleagues. >> i hope everybody speaks greek because that would be the appropriate language to use the week after christmas. thank you. get it done before christmas. thank you, u.s. congressman lee terry, thank you so much for coming. >>> up next, president obama had mitt romney over for lunch at the white house. do you believe it? i'd love to know what happened in that room. it's the latest edition in the often frosty relationship between the presidential rivals. it was pretty warm for about an hour on election night. this is "hardball," the place for politics. >>> well, this next story should surprise no one. the 112th congress is on track to be the least productive since the 1940s. with just weeks left, the congress has passed 196 bills into law, many of them ceremonial pieces of legislation like the naming of courthouses. since the 1940s the least productive congress was the 110th in the mid-'90s which passed 333 laws into law. the current congress
if we have to be here christmas week in order to protect the american public from the fiscal cliff, i'm happy to be here, and so are my colleagues. >> i hope everybody speaks greek because that would be the appropriate language to use the week after christmas. thank you. get it done before christmas. thank you, u.s. congressman lee terry, thank you so much for coming. >>> up next, president obama had mitt romney over for lunch at the white house. do you believe it? i'd love to...
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Dec 6, 2012
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. >> the showdown over the fiscal cliff. a new poll suggests president obama has the american people's support when it comes to taxing the wealthy. this poll shows nearly half of those surveyed once bush eras tax cuts to expire for those making more than $250,000 a year. the poll was taken last weekend. the questions did lean more to the men -- to the democratic party. eric cantor says republicans want to sit down with the president and talk specifics. president obama spoke with business executives, calling for a balanced approach combining taxes with cuts. the president rejected a gop counter offer, which targeted government cuts but did not add any new taxes. if the deal is not reached by january 1, everyone's taxes will go up and automatic spending cuts will go into affect. >> starbucks makes news for two reasons. why they want you to spend $450 this holiday season for one product. >> a would-be thief sets off a bomb next to an atm. what wins? pictures that will show you. >> feeling like >> ready ms from the district. pol
. >> the showdown over the fiscal cliff. a new poll suggests president obama has the american people's support when it comes to taxing the wealthy. this poll shows nearly half of those surveyed once bush eras tax cuts to expire for those making more than $250,000 a year. the poll was taken last weekend. the questions did lean more to the men -- to the democratic party. eric cantor says republicans want to sit down with the president and talk specifics. president obama spoke with business...
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Nov 30, 2012
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if we have to be here christmas week in order to protect the american public from the fiscal cliff, i'm happy to be here, and so are my colleagues. >> i hope everybody speaks greek because that would be the appropriate language to use the week after christmas. thank you. get it done before christmas. thank you, u.s. congressman lee terry, thank you so much for coming. thank you, congressman connolly. >>> up next, president obama had mitt romney over for lunch at the white house. do you believe it? i'd love to know what happened in that room. it's the latest edition in the often frosty relationship between the presidential rivals. it was pretty warm for about an hour on election night. this is "hardball," the place for politics. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro.
if we have to be here christmas week in order to protect the american public from the fiscal cliff, i'm happy to be here, and so are my colleagues. >> i hope everybody speaks greek because that would be the appropriate language to use the week after christmas. thank you. get it done before christmas. thank you, u.s. congressman lee terry, thank you so much for coming. thank you, congressman connolly. >>> up next, president obama had mitt romney over for lunch at the white house....
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Dec 7, 2012
12/12
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then, despite the looming fiscal cliff, americans are focused as we say on that to do list. what do you consider are the most pressing economic issues facing the united states today, jobs and unemployment, far and away, number one, 30%, followed by government spending, the budget deficit, and then back the wages at 11%. 41% saying he their wages or unemployment and then you see the government spending peace. if you look at how this breaks out by republican, democrat, independent, independent and democrats rank jobs higher than wages, and if you look at republics, they rank spending and the deficit. when you go back to this idea of compromise, where are you compromising about? these are very tricky times in terms of creating a working coalition on that issue. compromise -- considering the challenges facing the country, which of the following actions do you believe will to the most to help the country improve? we read three separate purchase to this. the number one was growing economy and creating jobs through investments, even if that means continued deficits and tax increase
then, despite the looming fiscal cliff, americans are focused as we say on that to do list. what do you consider are the most pressing economic issues facing the united states today, jobs and unemployment, far and away, number one, 30%, followed by government spending, the budget deficit, and then back the wages at 11%. 41% saying he their wages or unemployment and then you see the government spending peace. if you look at how this breaks out by republican, democrat, independent, independent...
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Dec 7, 2012
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. >>> president obama says the approaching fiscal cliff is going to add some stress for a lot of american families over this holiday season. there are just 25 days to go now until the tax hikes and the budget cuts go into effect. that is unless our leaders can make a deal. the white house has made it clear, we could go over that cliff if republicans refuse to raise tax rates on the top 2% of american earners. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives awe sense of the costs involved in very personal terms. >> now, from the republican perspective they say they would like to close some loopholes and eliminate tax breaks but they insist that the bush-era tax cuts must be extended for all americans. >>> new at 11:00, president obama on the phone with the president of egypt, pressing him about protests that have now turned deadly. here's the scene in cairo. at least six people dead, hundreds more injured. the trouble all started when morrisey granted himself broad new powers. hat grown worse after he put in plac
. >>> president obama says the approaching fiscal cliff is going to add some stress for a lot of american families over this holiday season. there are just 25 days to go now until the tax hikes and the budget cuts go into effect. that is unless our leaders can make a deal. the white house has made it clear, we could go over that cliff if republicans refuse to raise tax rates on the top 2% of american earners. >> for them to be burdened unnecessarily because democrats and...
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president obama said the approaching fiscal cliff will add to the holiday stress for american families. the president did not meet with congressional leaders on the fiscal cliff, instead, he met with a local middle class family. danielle lee joins us from capitol hill. danielle? >> reporter: doreen, president obama said he's highlighting the impact of tax heights on the middle class. there's growing pressure to stop the campaigning and sit down face to face. avoiding the bickering on capitol hill today, president obama headed to northern virginia. he sat down with tiffany santana and her family to put a face on the fiscal cliff. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: tef any had used twitter to tell the president her family can't afford a tax increase. and the white house released this video. >> $2,000 for me would be paying a month's rent. >> reporter: back in washington, more gridlock. >> it's up to the republicans to decide ho
president obama said the approaching fiscal cliff will add to the holiday stress for american families. the president did not meet with congressional leaders on the fiscal cliff, instead, he met with a local middle class family. danielle lee joins us from capitol hill. danielle? >> reporter: doreen, president obama said he's highlighting the impact of tax heights on the middle class. there's growing pressure to stop the campaigning and sit down face to face. avoiding the bickering on...
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Dec 3, 2012
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going off that fiscal cliff. to this point most of the conversation has been focused on what happens in january, and for good reason. there's no deal in congress. tax rates go up for a lot of folks, all americans. and a $1.2 trillion worth of defense and spending cuts will be automatically enacted. excuse me, that fiscal cough i told you about. the alternative minimum tax kicks in and put it all together and the results are pretty. the economy would contract by half a percent in 2013. unemployment would raise to 9.1% and the economy would experience what cbo said would be judged as a recession. but after that, then things start to look pretty good. the cbo says after next year by the agency's estimates economic growth will pick up. the labor market will strengthen returning output to its potential level. 5.5% by 2018. essentially if no deal is struck, the federal government would be forced to do what it's refused to do willingly, make dramatic changes in taxes and spending. if those changes happen automatically,
going off that fiscal cliff. to this point most of the conversation has been focused on what happens in january, and for good reason. there's no deal in congress. tax rates go up for a lot of folks, all americans. and a $1.2 trillion worth of defense and spending cuts will be automatically enacted. excuse me, that fiscal cough i told you about. the alternative minimum tax kicks in and put it all together and the results are pretty. the economy would contract by half a percent in 2013....
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Dec 3, 2012
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. >>> we're less than a month away from our trip over the fiscal cliff. the average american family could get hit hard. so what's the fairest plan of all? customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. to investing with knowledge. the potential of td ameritrade unlocked. nyse euronext. unlocking the world's potential. to a world of super-connected intelligence. the potential of freescale unlocked. nyse euronext. unlocking the world's potential. >>> it is 16 minutes past the hour. time to check our top stories. nine bodies have been removed from vehicles inside a collapsed tunnel near tokyo, japan. huge chunks of concrete fell sunday, smashing the vehicles below. investigators say some anchor bolts on
. >>> we're less than a month away from our trip over the fiscal cliff. the average american family could get hit hard. so what's the fairest plan of all? customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy....
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Dec 6, 2012
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still no deal between republicans and the president to avoid the so-called fiscal cliff. speaker john boehner spoke by phone yesterday. visit a northern virginia family today to highlight his call to extend current tax rates to 98% of americans. the two sides are at a stalemate over raising taxes on incomes more than $250,000 a year. however, house majority leader erik canter says the go p is ready to quote talk specifics. >> the serian army has loaded deadly gas into aerial bombs. something president obama has strongly warned against. the military is waiting for orders from the president to deploy the chemical weapons. this morning a blast hit the headquarters as fierce fighting rages in the suburbs. the german government approved sending air defense to boarders. >>> and in egypt, violent crashes led to 40 deaths and injuries. up until now the muslim brother hood which supports president morsi and protestors have demonstrated in different areas. the two sides resorted to rocks , fire bombs and they even fired shots at each other. right now tanks are outside the president
still no deal between republicans and the president to avoid the so-called fiscal cliff. speaker john boehner spoke by phone yesterday. visit a northern virginia family today to highlight his call to extend current tax rates to 98% of americans. the two sides are at a stalemate over raising taxes on incomes more than $250,000 a year. however, house majority leader erik canter says the go p is ready to quote talk specifics. >> the serian army has loaded deadly gas into aerial bombs....
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and then on everybody else. >> reporter: but the president says the so-called fiscal cliff is a solvable problem. critical as the holidays approach and businesses make investment and hiring decisions for next year. while polls show many americans are pessimistic, there's optimism in this home. >> i got a sense that he's confident that what's best for the american people will happen. >> yeah. >> reporter: you agree? >> yes. >> i do too. >> reporter: but for now, the gop's resisting any tax increases even on those upper income americans. house republicans of course have made the counteroffer with $800 billion in new revenue and an overhaul of the tax code. wolf, they feel as if they have moved the ball, but they don't believe that the president is interested in avoiding the fiscal cliff. >> these negotiations, dan, they usually go until the bitter, bitter end. a lot of folks are assuming that before that end there will be a deal. give us a flavor of the mood at the white house. >> reporter: well, i think they're preparing for this fiscal cliff scenario to play out, wolf. but as you point o
and then on everybody else. >> reporter: but the president says the so-called fiscal cliff is a solvable problem. critical as the holidays approach and businesses make investment and hiring decisions for next year. while polls show many americans are pessimistic, there's optimism in this home. >> i got a sense that he's confident that what's best for the american people will happen. >> yeah. >> reporter: you agree? >> yes. >> i do too. >> reporter: but...
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our fiscal cliff-mas gift today alan smith gets down gangnam style. what the senator is saying about the video that's gone viral watching the daily rundown only on msnbc. u see this? oh, let me guess -- more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. this season, discover aleve. restore revive rejuvenate rebuild rebuild rebuild when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as
our fiscal cliff-mas gift today alan smith gets down gangnam style. what the senator is saying about the video that's gone viral watching the daily rundown only on msnbc. u see this? oh, let me guess -- more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills....
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Dec 7, 2012
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the president has asked the american people to put pressure on congress to accept a deal in fiscal cliff negotiations. the white house is pulling out all stops and cranking up the social media campaign. president obama has been encouraging supporters to tweet with the #my2k, explaining what a $2,000 tax increase would mean for them and their families. the white house reports the hash tag has appeared in over 275,000 tweets with twitter seeing more than 18,000 tweets per hour add its peak. the road show coupled with the social media campaign is unprecede unprecedented. this is the kind of effort that helped president obama win a second term. now we'll see if his grassroots army can convince republicans to do what's right by the american people. i'm joined tonight by democratic strategist donna gentile-o'donnell and msnbc political analyst and georgetown university professor, michael eric dyson. great to have you with us tonight. >> thank you. >> i just want to go right to this poll. this quinnipiac poll was released today, and it shows the majority of the american people want tax rates to
the president has asked the american people to put pressure on congress to accept a deal in fiscal cliff negotiations. the white house is pulling out all stops and cranking up the social media campaign. president obama has been encouraging supporters to tweet with the #my2k, explaining what a $2,000 tax increase would mean for them and their families. the white house reports the hash tag has appeared in over 275,000 tweets with twitter seeing more than 18,000 tweets per hour add its peak. the...
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Dec 5, 2012
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cliff. >> first, the fiscal cliff, relative to our nation's spending driven debt crisis is a pothole. you've got 0.3% of all americans that have million dollar incomes. this is a shell game. you can't tax your way out of this problem. i mean, you have revenues that are about the same levels they were five or six years ago, when deficits were running $100, $150 billion. now we know deficits are running $1 to $1.5 trillion. what's changed is on the spending side yet all this discussion is on the tax revenues. you can tax every millionaire 100% and run the government for two or three months. this is a spending driven crisis and it has to be solved on the spending side. until the president gets serious about it, i'm not sure what there is to talk about, soledad. >> i'm not sure that the only conversations have just been on the tax side. i actually think there have been conversations on both. at this moment, right, we're going over or toward the fiscal cliff. if you do nothing, all of our taxes are going up. why not, as a first move, say, listen, nobody at this point wants to raise taxes
cliff. >> first, the fiscal cliff, relative to our nation's spending driven debt crisis is a pothole. you've got 0.3% of all americans that have million dollar incomes. this is a shell game. you can't tax your way out of this problem. i mean, you have revenues that are about the same levels they were five or six years ago, when deficits were running $100, $150 billion. now we know deficits are running $1 to $1.5 trillion. what's changed is on the spending side yet all this discussion is...
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Dec 7, 2012
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. >> woodruff: with 25 days left until the year-end fiscal cliff, and just 19 days until christmas, president obama warned lawmakers today not to add to the holiday pressures americans already feel, by letting the political stalemate drag on. but he also again insisted there would be no deal unless tax rates went up on the wealthy. >> the closer it gets to the brink, the more stressed we're going to be. >> woodruff: president obama made the short trip to northern virginia today to underline his plan to avert the fiscal cliff. at the home of what the white house called a typical middle class family, mr. obama said he's optimistic that agreement can be reached, but again drew a hard line for republicans in congress. >> everybody's is going to have to share in some sacrifice. but it starts with folks who are in the best position to sacrifice. who are in the best position to step up . just to be clear i'm not going to sign any package that somehow prevents the top rate from going up, the top 2% from going up. >> woodruff: the president phoned house speaker john boehner yesterday, their first dire
. >> woodruff: with 25 days left until the year-end fiscal cliff, and just 19 days until christmas, president obama warned lawmakers today not to add to the holiday pressures americans already feel, by letting the political stalemate drag on. but he also again insisted there would be no deal unless tax rates went up on the wealthy. >> the closer it gets to the brink, the more stressed we're going to be. >> woodruff: president obama made the short trip to northern virginia...
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Dec 4, 2012
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we'll have newt gingrich and talk about fiscal cliff. >>> next tonight, a man who is a real american hero and has the medal of honor to prove it. questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. [ yawning sound ] [ male announcer ] ...forbusiness.com. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... a
we'll have newt gingrich and talk about fiscal cliff. >>> next tonight, a man who is a real american hero and has the medal of honor to prove it. questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. wanted to provide better employee benefits while balancing the...
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Dec 3, 2012
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CNBC
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we've got a fiscal cliff now. we have the fiscal abyss next year. we need to say, don't come home. no deal, no break. members should be in washington at least five days a week like every other american and not leave until they deal with the fiscal cliff this year or until we get a grand bargain next year. they would pull off seven times more days -- >> david faber tweeted this morning that they should be locked in a room and forced to listen to the animal orchestra until they have a deal. >> david faber's hair. >> you put them in a room. you tell them they're going to sit there until the deal is done. day three, no more food. day five, no water. day seven, the waterboarding begins. that would get it done. >> and the president should be there, too. >> the president does work five days a week. >> but not in the same room. but he is home. he's already home. >> but listen, they spend too much time raising money. if they did a good job, they wouldn't have to raise as many money. if they got paid for performance, they wouldn't have any money. >> are you going to run for linda mcmahon's s
we've got a fiscal cliff now. we have the fiscal abyss next year. we need to say, don't come home. no deal, no break. members should be in washington at least five days a week like every other american and not leave until they deal with the fiscal cliff this year or until we get a grand bargain next year. they would pull off seven times more days -- >> david faber tweeted this morning that they should be locked in a room and forced to listen to the animal orchestra until they have a deal....
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Nov 30, 2012
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fiscal cliff. today, senator john cornyn tells us what happened inside of a meeting between the treasury secretary and a senate budget committee. and what the treasury secretary told the gop behind closed doors. senator john cornyn is not happy. and you can feel the rage. hurricane sandy and the eruption at fema officials. ahead of the holiday season. we will update you coming up next. and a cartoon snake comes the new face of a 2 trillion-dollar pension nightmare. we will tell you which state could be collapsing under the weight of its own promises, and whether you'll come in the u.s. taxpayer, could be footing the bill for a government bailout that you probably don't realize. >> so the pool of money is smaller. the demand on a pool of money leaves the current workers to ask whether there will be enough when they are able to retire. the problem is the squeeze. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constip
fiscal cliff. today, senator john cornyn tells us what happened inside of a meeting between the treasury secretary and a senate budget committee. and what the treasury secretary told the gop behind closed doors. senator john cornyn is not happy. and you can feel the rage. hurricane sandy and the eruption at fema officials. ahead of the holiday season. we will update you coming up next. and a cartoon snake comes the new face of a 2 trillion-dollar pension nightmare. we will tell you which state...